CLINICAL INSANE GREED
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SUWANEE, Ga. -- After nearly a four-hour standoff, the gunman who took five Gwinnett County firefighters hostage is dead. Just after 7:30p.m. Wednesday SWAT members stormed the house on Walnut Grove Way in Suwanee.
A Just-Named Goldman Partner Once Reportedly Offered A Call Girl 500,000 Pounds To Leave Her HusbandGoldman Sachs just published its list of newly appointed partners. At least one of them has a colorful past. In 2009, then-35-year-old Yann Samuelides offered a call girl £500,000 to "leave her pensioner husband," the Daily Mail reported at the time : He offered her this amount to marry him, the court was told. He also threatened to kill himself if she stopped seeing him, Miss Holmokova's estranged husband claimed during a bitter divorce hearing. Denis Morley, a 67-year-old retired businessman, told the court the banker had showered his young wife with gifts after becoming her client.
Sociopaths are people who are completely devoid of any sense of empathy or caring. Other people simply don’t exist other than as things to be manipulated and consumed, with no more emotional consideration than when you unwrap a candy bar, throw out the wrapper, and devour the calories. Everyone regards such individuals with horror, except where it comes to business and politics, where suddenly the existence and tolerability, even desirability, of sociopathy becomes controversial. I’m not writing about this sociopathy of the elites themselves today, or about the bizarre collective sociopathy of masses which often exempts, accepts, and celebrates it. Such issues, however, do go toward the general critique of representative government in itself, and from there to elitism in itself.
After years of talk, regulators are at long last moving into the action phase of the revamp of global capital markets. Global rule makers have spent much of the past half decade crafting overarching plans to curb risk and limit future bailouts. It is now up to individual nations to put in place their own rules to make it happen on a local level. Some countries are pushing ahead quickly, Canada among them. Others are lagging.
Sanders writes: "The democratic foundations of our country and this movement toward a more inclusive democracy are now facing the most severe attacks, both economically and politically..." By Bernie Sanders, Reader Supported News 26 July 12
By Robert Reich -- (July 20, 2012) President Obama is slamming Mitt Romney for heading companies that were “pioneers in outsourcing U.S. jobs,” while Romney is accusing Obama of being “the real outsourcer-in-chief.” These are the dog days of summer and the silly season of presidential campaigns. But can we get real, please? The American economy has moved way beyond outsourcing abroad or even “in-sourcing.” Most big companies headquartered in America don’t send jobs overseas and don’t bring jobs here from abroad.
Just 60 years ago, the average American had 291 square feet of living space. Now it’s close to 1,000 square feet. Have we changed our needs that much?
It's 3:45 am and I decide to check the wires one final time before sleep. Looks like the London Whale hedge prop bet is becoming more painful to JPMorgan's bottom line and Dimon's fragile ego. Pretty solid timing on the leak from JPM insiders as well, as this story will soon to be buried by headlines on Obamacare and Fast and Furious as the House votes on Eric Holder and SCOTUS rules at 10 am EST. Just two days ago the FT reported that things might be looking up for JPM. IG9 index trading for bitchez, on sale at Amazon, now.
Christie’s sold $27.7 million worth of Latin American art this week. There were 299 lots in the evening and day sales combined, and 84% of them sold by value while 74% sold by lot. Matta achieved a world record price, $5 million for a work, La révolte des contraires (at right), which had been estimated at $1.8 million to $2.5 million.
Jamie Dimon has no business being on the board of directors at the New York Federal Reserve Bank, according to Simon Johnson and thousands of others. Johnson, an influential professor at MIT and a former IMF chief economist, says the chief executive of JPMorgan ( JPM ) should step down immediately or be forced to resign his post at the New York Fed. JPMorgan CEO Jamie Dimon is feeling the heat. To get his point across, Johnson has formed a petition calling on the Fed to give Dimon the boot.
James Dimon. (AP Photo/Mark Lennihan) J.P. Morgan’s CEO Jamie Dimon once sarcastically complained that all his traders would need to talk to a psychiatrist in order to comply with regulations. Now, in the absence of strict regulations, every trader on the street is psychoanalyzing Dimon’s every word in order to try to make money off J.P. Morgan’s very large mistake.
By Lauren Tara LaCapra NEW YORK, March 27 (Reuters) - Senior executives within Goldman Sachs have talked about splitting the roles of chief executive officer and chairman, two sources said, although pressure for any imminent move appears to have eased after a deal with a labor union pension fund. Proposals to separate the CEO and chairman roles have long been sought by outside groups, but two people familiar with management thinking provided the first indication that internal discussions about such a move have taken place. Under a restructure, President Gary Cohn would take the chief executive officer role and Vice Chairman J. Michael Evans would be elevated to president, leaving current CEO and Chairman Lloyd Blankfein with only the chairman role, the two sources said. The sources declined to be identified because they were not authorised to speak publicly.
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The real hunger games: How banks gamble on food prices – and the poor lose out - World Politics - WorldHedge funds, pension funds and investment banks such as Goldman Sachs, Morgan Stanley and Barclays Capital now dominate the food commodities markets, dwarfing the amount traded by actual food producers and buyers. Purely financial players, for example, account for 61 per cent of investment on the wheat futures market, according to the World Development Movement report Broken Markets. Speculative investment in agricultural commodities in 2011 was 20 times the amount spent by all countries on agricultural aid. Goldman Sachs, the largest player in the agricultural commodities market, earned £600m from food speculation in 2009, and Barclays Capital, the world's third-largest player and largest British bank in this market, earned up to £340m in 2010, according to the report. Goldman Sachs and Barclays Capital declined to comment.
It is hard to know what to respond to first: the fact that he is clueless, or the fact that he thinks he is successful. Rich, yes he is rich. But rich is not the same as successful. Often, rich is the opposite of successful.